Earnings Movers: BA Falls, CAT Climbs, VZ Mixed

Nvidia - Nvidia has reached a market cap of five trillion, driven by optimism from its developers conference [1] Boeing - Boeing's latest quarter showed a mixed performance, with a reported EPS loss of $747, missing expectations of a $2.38 loss [2][3] - Revenue increased by over 30% to $23.3 billion compared to $17.8 billion in the same quarter last year, with commercial aviation up 49% [3][4] - The backlog remains strong at $636 billion with over 5,900 units, despite a $4.9 billion pre-tax charge due to production delays [4][5] - Boeing shares are down about 2% following the earnings report, but the stock is up over 40% year-over-year [5] Caterpillar - Caterpillar reported an adjusted EPS of $4.95, down 4% year-over-year but beating estimates of $4.50 [6][7] - Sales increased by 10% to $17.6 billion compared to $16.77 billion, with construction and industrial segments up 7% and energy and transport up 17% [7][8] - The backlog increased by 11.2%, and the company announced an increase in dividends and share buybacks [8][9] Verizon - Verizon's EPS came in at $1.21, slightly beating estimates of $1.19, and significantly higher than $0.78 from the same quarter last year [11] - Total sales decreased by 33.82 billion, missing expectations by about $500 million, but were still up 1.5% year-over-year [11][12] - The consumer unit lost about 7,000 subscribers, while the broadband division gained over 36,000 new subscribers, and the business services division added 110,000 subscribers [12][13] - Verizon provided guidance for a recovery in the consumer wireless division, expecting growth of 2% to 2.5% for the remainder of the fiscal year [14]